Mortgage Lenders and Brokers in Hugo, Minnesota
Brian McKay
|
iEditorial Disclosure
Editorial DisclosureLender lists come from federal HMDA loan data. Average rates come from our daily monitoring network. Editorial content is independent of any advertiser relationships.
|
✓Fact Checked
|
Loan Rates Last Updated and Verified: October 7, 2026
Hugo, Minnesota mortgage lenders include US Bank, N.A.US Bank, N.A.14431 Forest Blvd N, Hugo, MN 55038A+5.0 ★Texas Ratio: 2.85%, Bell BankBell Bank1001 Broadway St, Alexandria, MN 56308A+5.0 ★Texas Ratio: 3.66%, Blaze Credit UnionBlaze Credit Union10 Northtown Dr NE, Blaine, MN 55434 1033A5.0 ★Texas Ratio: 6.19%, Affinity Plus Federal Credit UnionAffinity Plus Federal Credit Union1719 W Main St, Albert Lea, MN 56007 4385A+5.0 ★Texas Ratio: 4.41%, Luminate BankLuminate Bank208 W Front St, Claremont, MN 55924A5.0 ★Texas Ratio: 11.06%, Wells Fargo Bank NAWells Fargo Bank NA122 E Main St, Albert Lea, MN 56007A+5.0 ★Texas Ratio: 5.36%, Ideal Credit UnionIdeal Credit Union14750 Victor Hugo Blvd N, Hugo, MN 55038 4561A+5.0 ★Texas Ratio: 5.61%, Trustone Financial Credit UnionTrustone Financial Credit Union2772 E 82nd St, Bloomington, MN 55425 1365A+5.0 ★Texas Ratio: 4.56%, Huntington National BankHuntington National Bank405 E Main St, Anoka, MN 55303A+5.0 ★Texas Ratio: 3.66%, and Alerus Financial NAAlerus Financial NA143 W Clark St, Albert Lea, MN 56007A+5.0 ★Texas Ratio: 3.32%. Banks, credit unions and mortgage companies are listed together, with FHA, VA and local options flagged for quick comparison.
Lenders are ranked only by the number of home loans they closed in Hugo, Minnesota in 2025, as reported under the federal Home Mortgage Disclosure Act. No lender pays for a higher spot. Lenders based in Hugo are listed first, then lenders elsewhere in Minnesota, then lenders from other states that closed loans there. Banks and credit unions carry a MonitorBankRates health grade, star rating and Texas Ratio, so you can judge how financially sound they are. Mortgage companies have no deposits to rate, so compare their loan programs, median loan and borrower reviews instead. Compare at least three lenders and ask each for a written loan estimate before you choose.
Mortgage Lenders and Brokers in Hugo, Minnesota
Market share is the lender's share of all home loans closed in Hugo, Minnesota. Approval share is approvals divided by completed applications. Grade is the MonitorBankRates Health and Safety Grade, available for banks and credit unions only. Average loan is the lender's mean loan amount here.
| Lender | Programs | Loans closed | Market share | Approval share | Average loan | View |
|---|---|---|---|---|---|---|
|
1 office in Hugo 14431 Forest Blvd N, Hugo, MN 55038 A+5.0 ★Texas Ratio: 2.85% |
Conventional, HELOC | 18 +14 HELOCs |
3.7% | 76% | $298,333 | View |
|
1001 Broadway St, Alexandria, MN 56308 A+5.0 ★Texas Ratio: 3.66% |
Conventional, FHA, VA, HELOC | 39 +1 HELOCs |
7.9% | 100% | $337,307 | View |
|
10 Northtown Dr NE, Blaine, MN 55434 1033 A5.0 ★Texas Ratio: 6.19% |
Conventional, HELOC | 16 +5 HELOCs |
3.3% | 85% | $163,125 | View |
|
1719 W Main St, Albert Lea, MN 56007 4385 A+5.0 ★Texas Ratio: 4.41% |
Conventional, HELOC | 13 +6 HELOCs |
2.6% | 100% | $82,692 | View |
|
208 W Front St, Claremont, MN 55924 A5.0 ★Texas Ratio: 11.06% |
Conventional, FHA, VA | 10 | 2% | 100% | $225,000 | View |
|
122 E Main St, Albert Lea, MN 56007 A+5.0 ★Texas Ratio: 5.36% |
Conventional, VA, Jumbo | 10 | 2% | 83.3% | $418,000 | View |
|
14750 Victor Hugo Blvd N, Hugo, MN 55038 4561 A+5.0 ★Texas Ratio: 5.61% |
Conventional, HELOC | 8 +17 HELOCs |
1.6% | 100% | $253,750 | View |
|
2772 E 82nd St, Bloomington, MN 55425 1365 A+5.0 ★Texas Ratio: 4.56% |
Conventional, HELOC | 8 +4 HELOCs |
1.6% | 66.7% | $203,750 | View |
|
405 E Main St, Anoka, MN 55303 A+5.0 ★Texas Ratio: 3.66% |
Conventional, FHA, HELOC | 7 +6 HELOCs |
1.4% | 100% | $247,857 | View |
|
143 W Clark St, Albert Lea, MN 56007 A+5.0 ★Texas Ratio: 3.32% |
Conventional, HELOC | 6 +3 HELOCs |
1.2% | 85.7% | $298,333 | View |
|
14727 Victor Hugo Blvd N, Hugo, MN 55038 A+5.0 ★Texas Ratio: 4.68% |
Conventional, HELOC | 4 +2 HELOCs |
0.8% | 100% | $87,500 | View |
|
950 Highway 95 N, Bayport, MN 55003 A+5.0 ★Texas Ratio: 0.25% |
Conventional | 4 | 0.8% | 100% | $187,500 | View |
|
★ 5 stars, 1 review 5941 94th Ave N, Brooklyn Park, MN 55443 A+5.0 ★Texas Ratio: 1.52% |
Conventional | 4 | 0.8% | 100% | $157,500 | View |
|
11660 Theatre Dr N, Champlin, MN 55316 A5.0 ★Texas Ratio: 13.85% |
Conventional | 3 | 0.6% | 100% | $191,666 | View |
|
21450 Forest Blvd N, Forest Lake, MN 55025 A+5.0 ★Texas Ratio: 0.92% |
Conventional | 3 | 0.6% | 100% | $251,666 | View |
|
900 American Blvd W, Bloomington, MN 55420 A5.0 ★Texas Ratio: 6.54% |
Conventional | 3 | 0.6% | 100% | $365,000 | View |
|
1330 Conway St Ste 200, Saint Paul, MN 55106 A+5.0 ★Texas Ratio: 1.19% |
Conventional | 3 | 0.6% | 100% | $331,666 | View |
|
11800 Aberdeen St Ne, Blaine, MN 55449 C+4.1 ★Texas Ratio: 26.29% |
Conventional | 2 | 0.4% | 100% | $155,000 | View |
|
101 Minnesota Ave N, Aitkin, MN 56431 A+5.0 ★Texas Ratio: 4.98% |
Conventional, HELOC | 1 +4 HELOCs |
0.2% | 50% | $725,000 | View |
|
15103 Cedar Ave, Apple Valley, MN 55124 A+5.0 ★Texas Ratio: 3.68% |
Conventional, HELOC | 1 +2 HELOCs |
0.2% | 50% | $745,000 | View |
|
7510 147th St W, Apple Valley, MN 55124 A+5.0 ★Texas Ratio: 4.14% |
Conventional, HELOC | 1 +1 HELOCs |
0.2% | 100% | $335,000 | View |
|
11020 39th St N, Lake Elmo, MN 55042 A5.0 ★Texas Ratio: 7.45% |
Conventional | 1 | 0.2% | 100% | $205,000 | View |
|
7300 147th St W, Apple Valley, MN 55124 A+5.0 ★Texas Ratio: 3.28% |
Conventional | 1 | 0.2% | 100% | $485,000 | View |
First State Bank of Wyoming
6115 Stacy Trl, Stacy, MN 55079 |
Conventional | 1 | 0.2% | 100% | $195,000 | |
|
45 Hassan St SE, Hutchinson, MN 55350 A+5.0 ★Texas Ratio: 4.19% |
Conventional | 1 | 0.2% | 100% | $75,000 | View |
|
108 Minnesota Ave N, Aitkin, MN 56431 1410 A5.0 ★Texas Ratio: 10.43% |
Conventional | 1 | 0.2% | 100% | $25,000 | View |
|
2100 Blaisdell Ave, Minneapolis, MN 55404 A5.0 ★Texas Ratio: 9.43% |
Conventional | 1 | 0.2% | 33.3% | $455,000 | View |
|
242 N 1st St, Pennock, MN 56279 C-3.6 ★Texas Ratio: 31.27% |
Conventional | 1 | 0.2% | 100% | $225,000 | View |
|
410 2nd St W, Ada, MN 56510 A+5.0 ★Texas Ratio: 5.91% |
Conventional | 1 | 0.2% | 100% | $455,000 | View |
|
14985 Glazier Ave, Apple Valley, MN 55124 |
HELOC | 0 +5 HELOCs |
0% | n/a | View | |
|
14986 Lynwood Dr, Baxter, MN 56425 A+5.0 ★Texas Ratio: 4.01% |
HELOC | 0 +2 HELOCs |
0% | n/a | View | |
Tradition Mortgage, LLC
|
Conventional, FHA | 17 | 3.5% | 100% | $550,294 | |
Summit Mortgage Corporation
|
Conventional, FHA | 6 | 1.2% | 100% | $380,000 | |
Servion
|
Conventional | 1 | 0.2% | 100% | $425,000 | |
M/I Financial. LLC
|
Conventional, FHA | 50 | 10.2% | 100% | $419,600 | |
CrossCountry Mortgage, LLC
|
Conventional, FHA, VA, Jumbo | 33 | 6.7% | 100% | $354,393 | |
United Wholesale Mortgage
|
Conventional, FHA, VA, Jumbo, HELOC | 30 +1 HELOCs |
6.1% | 91.2% | $370,000 | |
Rocket Mortgage
|
Conventional, FHA, VA | 18 | 3.7% | 100% | $271,111 | |
New American Funding, LLC.
|
Conventional, FHA | 12 | 2.4% | 100% | $348,333 | |
Prosperity Home Mortgage, LLC
|
Conventional, FHA, VA | 10 | 2% | 90.9% | $291,000 | |
Fairway Independent Mort Corp
|
Conventional, FHA | 9 | 1.8% | 100% | $322,777 | |
Guaranteed Rate, Inc.
|
Conventional, FHA, HELOC | 8 +1 HELOCs |
1.6% | 88.9% | $398,750 | |
Newrez LLC
|
Conventional, VA | 8 | 1.6% | 100% | $348,750 | |
Cmg Mortgage Inc
|
Conventional, FHA, USDA | 8 | 1.6% | 100% | $315,000 | |
Movement Mortgage, LLC
|
Conventional, FHA | 6 | 1.2% | 100% | $350,000 | |
Pennymac Loan Services LLC
|
Conventional, FHA, VA | 6 | 1.2% | 85.7% | $443,333 | |
Sfmc, LP
|
Conventional, FHA, VA | 5 | 1% | 83.3% | $411,000 | |
Nationstar Mortgage
|
Conventional | 5 | 1% | 83.3% | $65,000 | |
SWBC Mortgage Corporation
|
Conventional, VA | 4 | 0.8% | 100% | $270,000 | |
Mortgage Research Center
|
VA | 4 | 0.8% | 80% | $310,000 | |
|
A+5.0 ★Texas Ratio: 3.17% |
Conventional, FHA, HELOC | 3 +10 HELOCs |
0.6% | 100% | $435,000 | View |
Guaranteed Rate Affinity, LLC
|
Conventional | 3 | 0.6% | 100% | $218,333 | |
Freedom Mortgage Corporation
|
FHA, VA | 3 | 0.6% | 100% | $365,000 | |
|
A+5.0 ★Texas Ratio: 4.37% |
Conventional | 3 | 0.6% | 100% | $295,000 | View |
loanDepot.com LLC
|
Conventional | 3 | 0.6% | 100% | $421,666 | |
Guild Mortgage Company
|
Conventional | 3 | 0.6% | 100% | $401,666 | |
Homeowners Financial Group, LLC
|
Conventional, FHA | 3 | 0.6% | 100% | $331,666 | |
|
A5.0 ★Texas Ratio: 9.09% |
Conventional, FHA, VA | 3 | 0.6% | 100% | $321,666 | View |
The Loan Store, Inc
|
Conventional, HELOC | 2 +1 HELOCs |
0.4% | 100% | $310,000 | |
Gold Star Mortgage Financial Group, Corporation
|
Conventional | 2 | 0.4% | 100% | $150,000 | |
Home Mortgage Alliance Corp (Hmac)
|
Conventional | 2 | 0.4% | 100% | $310,000 | |
Lennar Mortgage, LLC
|
Conventional, FHA | 2 | 0.4% | 100% | $420,000 | |
Bay Equity LLC
|
Conventional | 2 | 0.4% | 100% | $295,000 | |
|
B-3.5 ★Texas Ratio: 6.80% |
VA | 2 | 0.4% | 66.7% | $540,000 | View |
Nations Lending Corporation
|
Conventional | 2 | 0.4% | 100% | $315,000 | |
|
A+5.0 ★Texas Ratio: 2.20% |
Conventional | 2 | 0.4% | 100% | $260,000 | View |
Megastar Finanacial Corp
|
Conventional | 2 | 0.4% | 100% | $275,000 | |
|
A-5.0 ★Texas Ratio: 14.97% |
Conventional, FHA | 2 | 0.4% | 100% | $255,000 | View |
|
A4.8 ★Texas Ratio: 2.45% |
Conventional | 2 | 0.4% | 100% | $590,000 | View |
Paramount Residential Mortgage
|
Conventional, VA | 2 | 0.4% | 100% | $480,000 | |
Spring Eq, LLC
|
Conventional | 2 | 0.4% | 33.3% | $105,000 | |
Genisys Credit Union
|
Conventional, HELOC | 1 +1 HELOCs |
0.2% | 100% | $215,000 | |
|
★ 1.7 stars, 3 reviews A+5.0 ★Texas Ratio: 4.24% |
Conventional, HELOC | 1 +1 HELOCs |
0.2% | 100% | $565,000 | View |
|
A+5.0 ★Texas Ratio: 4.11% |
Conventional | 1 | 0.2% | 50% | $235,000 | View |
Alameda Mortgage Corporation
|
Conventional | 1 | 0.2% | 100% | $205,000 | |
American Financial Resources LLC
|
Conventional | 1 | 0.2% | 100% | $265,000 | |
Everett Financial, Inc.
|
Conventional | 1 | 0.2% | 100% | $175,000 | |
Go Mortgage, LLC
|
Conventional | 1 | 0.2% | 100% | $485,000 | |
Sage Home Loans Corporation
|
Conventional | 1 | 0.2% | 100% | $155,000 | |
Envoy Mortgage, Ltd
|
Conventional | 1 | 0.2% | 100% | $195,000 | |
Equity Prime Mortgage LLC
|
VA | 1 | 0.2% | 100% | $355,000 | |
Compeer Financial
|
Conventional | 1 | 0.2% | 100% | $775,000 | |
Triad Financial Services, Inc.
|
Conventional | 1 | 0.2% | 70% | $75,000 | |
|
A5.0 ★Texas Ratio: 11.46% |
Conventional | 1 | 0.2% | 100% | $445,000 | View |
Discover Bank
|
Conventional | 1 | 0.2% | 50% | $65,000 | |
Union Home Mortgage Corp.
|
FHA | 1 | 0.2% | 50% | $455,000 | |
First Colony Mortgage Corporat
|
Conventional | 1 | 0.2% | 100% | $465,000 | |
Delta Community Credit Union
|
Conventional | 1 | 0.2% | 100% | $575,000 | |
Provident Funding Associates
|
Conventional | 1 | 0.2% | 100% | $165,000 | |
Waterstone Mortgage Corporation
|
Conventional | 1 | 0.2% | 100% | $485,000 | |
Sierra Pacific Mortgage Co. Inc
|
Conventional | 1 | 0.2% | 100% | $375,000 | |
|
A5.0 ★Texas Ratio: 6.31% |
Conventional | 1 | 0.2% | 100% | $35,000 | View |
|
A-5.0 ★Texas Ratio: 14.93% |
Conventional | 1 | 0.2% | 100% | $65,000 | View |
Zillow Home Loans, LLC
|
VA | 1 | 0.2% | 100% | $215,000 | |
|
★ 1 stars, 1 review A+5.0 ★Texas Ratio: 2.87% |
Conventional, Jumbo | 1 | 0.2% | 100% | $825,000 | View |
Compass Mortgage, Inc.
|
VA | 1 | 0.2% | 100% | $285,000 | |
|
A5.0 ★Texas Ratio: 7.43% |
Conventional | 1 | 0.2% | 100% | $425,000 | View |
|
C+4.1 ★Texas Ratio: 26.29% |
Conventional | 1 | 0.2% | 25% | $45,000 | View |
|
B+4.8 ★Texas Ratio: 16.98% |
VA | 1 | 0.2% | 100% | $225,000 | View |
Plaza Home Mortgage, Inc
|
Conventional | 1 | 0.2% | 100% | $385,000 | |
Midwestone Bank
|
HELOC | 0 +5 HELOCs |
0% | n/a | ||
|
C3.9 ★Texas Ratio: 27.97% |
HELOC | 0 +2 HELOCs |
0% | n/a | View | |
|
B4.5 ★Texas Ratio: 20.96% |
HELOC | 0 +2 HELOCs |
0% | n/a | View | |
Figure Lending LLC
|
HELOC | 0 +1 HELOCs |
0% | n/a | ||
|
A+5.0 ★Texas Ratio: 5.44% |
HELOC | 0 +1 HELOCs |
0% | n/a | View | |
Valon Mortgage
|
HELOC | 0 +1 HELOCs |
0% | n/a | ||
Westconsin Credit Union
|
HELOC | 0 +1 HELOCs |
0% | n/a | ||
Better Mortgage Corporation
|
HELOC | 0 +1 HELOCs |
0% | n/a |
Hugo Mortgage Rate Trends
Daily average mortgage rates for Minnesota compared with the national average, updated every evening.
Mortgage Lenders and Mortgage Brokers Near Me in Hugo, Minnesota
Looking for mortgage lenders near me or mortgage brokers near me in Hugo? The list below shows the banks, credit unions and mortgage brokers that closed home loans in Hugo in 2025, with lenders based there listed first.
Types of Mortgage Lenders in Hugo, MN
Use these to narrow the list above. Each category shows how many Hugo, MN lenders fit and what that kind of lender is usually best for.
Who Lends in Hugo, MN
Independent mortgage companies closed 59.1 percent of home loans in Hugo, Minnesota in 2025, banks 27.3 percent and credit unions 13.6 percent. Tradition Mortgage, LLC was the largest mortgage company, US Bank, N.A. the largest bank and Blaze Credit Union the largest credit union. Among lenders headquartered in Minnesota, Blaze Credit Union led with 16 loans.
How to Read This List
A high approval share with a small median loan usually points to a lender comfortable with first time and FHA borrowers. A large median loan with conventional and jumbo programs points to a move up and jumbo specialist. The health grade says whether a bank or credit union is financially sound; it says nothing about service, which is what the reviews below are for.
Title or escrow companies usually handle closings in Minnesota. State deed tax of 0.33 percent of the price (seller pays) and a mortgage registry tax of 0.23 percent of the mortgage amount (borrower pays); Hennepin and Ramsey counties add 0.01 percent to each through 2027.
More Minnesota Mortgage Lender Pages
Frequently Asked Questions About Mortgage Lenders in Hugo, MN
By home loans closed in 2025, US Bank, N.A. was the largest mortgage lender in Hugo, Minnesota with 18 loans, about 3.7 percent of the market. The largest lender headquartered in Minnesota was Blaze Credit Union with 16 loans. Source: Home Mortgage Disclosure Act data for 2025, published by the FFIEC and CFPB.
Among lenders with meaningful volume in Hugo, Minnesota, M/I Financial. LLC approved the highest share of completed applications in 2025 at 100 percent, against a 92.3 percent average for all lenders. Approval share reflects the applicants a lender attracts as much as its underwriting, so compare it alongside loan programs and median loan size. Source: Home Mortgage Disclosure Act data for 2025, published by the FFIEC and CFPB.
24 lenders closed FHA loans in Hugo, Minnesota in 2025, led by M/I Financial. LLC with 5. 20 lenders closed VA loans, led by Mortgage Research Center, and 1 closed USDA rural loans. Use the FHA and VA filters above the table to see only those lenders; FHA loans allow 3.5 percent down and lower credit scores, VA loans need no down payment for eligible veterans. Source: Home Mortgage Disclosure Act data for 2025, published by the FFIEC and CFPB.
Yes. 38 banks and 17 credit unions closed home loans in Hugo, Minnesota in 2025, alongside 53 independent mortgage companies and brokers. Banks and credit unions carry a MonitorBankRates health grade. Mortgage companies are not deposit institutions, so they have no health grade; their HMDA figures and borrower reviews stand in. Source: Home Mortgage Disclosure Act data for 2025, published by the FFIEC and CFPB.
Lenders are ranked only by the number of home loans they closed in Hugo, Minnesota during 2025 as reported under the federal Home Mortgage Disclosure Act. No lender pays to be listed or to rank higher, and reviews do not change the order. Counts cover first and second lien loans on one to four unit homes for purchase, refinance and home improvement; home equity lines are counted separately.
Methodology and Sources
Lender rankings use the loan level records that lenders file under the Home Mortgage Disclosure Act, published by the FFIEC and the Consumer Financial Protection Bureau for the 2025 reporting year. Counts include originated first and subordinate lien loans on one to four unit homes in Hugo, Minnesota for purchase, refinance and other purposes; home equity lines of credit are counted separately and reverse mortgages and business purpose loans are excluded. Approval share is originations plus approved but not accepted applications divided by all completed applications (withdrawn and incomplete files are excluded). Lender type comes from the lender's federal regulator and the FFIEC National Information Center. City figures use the Census tracts that make up Hugo. Health grades are MonitorBankRates data and are current as of the date shown. Lenders below the HMDA reporting thresholds do not appear. MonitorBankRates receives no payment for placement on this page. Last updated October 8, 2026.
